New Delhi, Jan 23 (PTI) The COVID-19 pandemic has pushed demand and clients understand that every work does not have to be done onsite, which is expected to open a lot more offshoring opportunities from large global markets going forward, according to a top Infosys' executive. The Bengaluru-based company, which logged a 23 per cent [...]
New Delhi, Jan 23 (PTI) HDFC Capital, a wholly-owned subsidiary of HDFC Ltd, has achieved the initial close of its third fund of USD 1.88 billion (about Rs 13,500 cr) focused on affordable housing. HDFC Capital's target is to finance the development of one million affordable homes in India through a combination of innovative financing, [...]
New Delhi, Jan 23 (PTI) The domestic appliances and consumer electronics industry expects an increase in customs duty on finished goods to discourage imports and facilitate import substitution, along with incentives for specific R&D and localisation projects under the PLI scheme, in the upcoming Budget. The nearly Rs 75,000-crore industry is expecting "certain enablers" that [...]
New Delhi, Jan 23 (PTI) The National Company Law Appellate Tribunal (NCLAT) has asked the Kolkata bench of NCLT to decide over the plea of SREI Infrastructure Finance against the rights issue of its subsidiary Trinity Alternative Investment Managers. SREI Infrastructure Finance Ltd (SIFL), which owns 51 per cent equity in the fund management firm [...]
New Delhi, Jan 23 (PTI) Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect USD 1.2 billion the firm has been awarded by arbitration tribunals for cancellation of a satellite deal but are open for talks to [...]
New Delhi, Jan 23 (PTI) IPO-bound fintech firm Mobikwik is expecting to close the current financial year with 100 per cent revenue growth, a top company official said. Mobikwik chairperson and chief operating officer Upasana Taku told PTI that the company's initial public offer (IPO) is a monumental opportunity for the company and will not [...]
New Delhi, Jan 23 (PTI) Having raised its revenue growth guidance for 2021-22 to "high teens" on the back of robust performance, integrated research, development and manufacturing services firm Syngene International Ltd is looking forward to carry the momentum into the next fiscal, its Managing Director and CEO Jonathan Hunt said. The company, which serves [...]
New Delhi, Jan 23 (PTI) The domestic pharmaceutical industry is expecting an increase in the overall fund allocation for the healthcare sector, focus on policies that encourage R&D activities and continuation of tax concessions on various drugs in the upcoming Union Budget. The industry is also seeking simplification of various processes in order to enhance [...]
New Delhi, Jan 23 (PTI) The customs department has given time till September 30 for the re-export high-quality containers which have been imported for efficient transportation of liquid medical oxygen during the second wave of Covid-19 pandemic. In a circular to field formations, the Central Board of Indirect Taxes and Customs (CBIC) said it has [...]
New Delhi, Jan 23 (PTI) The office market in Delhi-NCR remained active last year despite the COVID-19 pandemic, with Gurugram witnessing a nearly two-fold jump in gross leasing to 4 million square feet, according to Colliers India. Gross leasing of office space in Gurugram stood at 2.1 million square feet during 2020. Noida saw a [...]
